SEC Form SC TO-C filed by Voya Prime Rate Trust

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Prime Rate Trust (NYSE: PPR) (the “Fund”) announced today that the Board of Trustees (the “Board”) has selected Saba Capital Management, LP (“Saba”) to serve as the new investment adviser to the Fund (the “Adviser Transition”). The Fund’s current investment adviser, Voya Investments, LLC (“VIL”), and the Fund’s current sub-adviser, Voya Investment Management Co. LLC (“Voya IM”), both previously announced their respective resignations, effective as of June 22, 2021. VIL and Voya IM are committed to ensuring a smooth transition to Saba and serving the Fund, its Board and its shareholders during the Adviser Transition. Saba is considered a pion

Voya Prime Rate Trust (NYSE:PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of 0.67 cents per share on May 28, 2021, payable on June 22, 2021 to shareholders of record on June 10, 2021. This represents the 397th consecutive monthly dividend since the Trust's inception in May 1988. The following is the annualized distribution rate calculation based on the declared dividend for the month, Net Asset Value ("NAV") at month-end and the month-end NYSE composite closing price ("Market"). Annualized Period-end Distribution Rate DIVIDEND NAV MARKET May 31, 2021   $.0067   1.59%   1.

Saba Capital Management to Serve as New Investment Manager Fund to Change Name to Saba Capital Income & Opportunities Fund (NYSE:BRW) Board of Trustees Approves Tender Offer and Managed Distribution Plan Voya Prime Rate Trust (NYSE:PPR) (the "Fund") today reported the results of its Special Meeting of Shareholders (the "Special Meeting") held on May 21, 2021. The results, which have been certified by the independent Inspector of Election, show that all proposals presented at the Special Meeting passed. Specifically, shareholders voted in favor of: The approval of a new investment management agreement between the Fund and Saba Capital Management, L.P. ("Saba") (the "New Management Agr

Voya Prime Rate Trust (NYSE:PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of 0.70 cent per share on April 30, 2021, payable on May 17, 2021 to shareholders of record on May 10, 2021. This represents the 396th consecutive monthly dividend since the Trust's inception in May 1988. The following is the annualized distribution rate calculation based on the declared dividend for the month, Net Asset Value ("NAV") at month-end and the month-end NYSE composite closing price ("Market"). Annualized Period-end Distribution Rate DIVIDEND NAV MARKET April 30, 2021 $.0070 1.73% 1.87% The

Voya Prime Rate Trust (NYSE:PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of 0.67 cents per share on May 28, 2021, payable on June 22, 2021 to shareholders of record on June 10, 2021. This represents the 397th consecutive monthly dividend since the Trust's inception in May 1988. The following is the annualized distribution rate calculation based on the declared dividend for the month, Net Asset Value ("NAV") at month-end and the month-end NYSE composite closing price ("Market"). Annualized Period-end Distribution Rate DIVIDEND NAV MARKET May 31, 2021   $.0067   1.59%   1.

Saba Capital Management to Serve as New Investment Manager Fund to Change Name to Saba Capital Income & Opportunities Fund (NYSE:BRW) Board of Trustees Approves Tender Offer and Managed Distribution Plan Voya Prime Rate Trust (NYSE:PPR) (the "Fund") today reported the results of its Special Meeting of Shareholders (the "Special Meeting") held on May 21, 2021. The results, which have been certified by the independent Inspector of Election, show that all proposals presented at the Special Meeting passed. Specifically, shareholders voted in favor of: The approval of a new investment management agreement between the Fund and Saba Capital Management, L.P. ("Saba") (the "New Management Agr

Voya Prime Rate Trust (NYSE:PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of 0.70 cent per share on April 30, 2021, payable on May 17, 2021 to shareholders of record on May 10, 2021. This represents the 396th consecutive monthly dividend since the Trust's inception in May 1988. The following is the annualized distribution rate calculation based on the declared dividend for the month, Net Asset Value ("NAV") at month-end and the month-end NYSE composite closing price ("Market"). Annualized Period-end Distribution Rate DIVIDEND NAV MARKET April 30, 2021 $.0070 1.73% 1.87% The